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British American Tobacco ( (GB:BATS) ) just unveiled an update.
British American Tobacco has executed a share buyback transaction, purchasing 126,177 of its ordinary shares from Banco Santander as part of its ongoing buyback program. This move is intended to reduce the number of shares in circulation, potentially increasing shareholder value and adjusting the company’s capital structure. Following the cancellation of these shares, the company will have 2,188,059,415 ordinary shares in issue, excluding treasury shares, which may impact shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:BATS) stock is a Sell with a £34.00 price target. To see the full list of analyst forecasts on British American Tobacco stock, see the GB:BATS Stock Forecast page.
Spark’s Take on GB:BATS Stock
According to Spark, TipRanks’ AI Analyst, GB:BATS is a Neutral.
The overall stock score is primarily driven by strong financial performance, particularly in cash flow generation and profitability. Technical analysis provides a balanced view, with no significant overbought signals. Valuation is a concern due to the high P/E ratio, though the attractive dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors do not influence the score.
To see Spark’s full report on GB:BATS stock, click here.
More about British American Tobacco
British American Tobacco p.l.c. is a leading company in the tobacco industry, primarily engaged in the production and sale of cigarettes and other nicotine products. The company operates globally, focusing on providing high-quality tobacco products to a wide market.
Average Trading Volume: 4,415,597
Technical Sentiment Signal: Buy
Current Market Cap: £84.96B
See more data about BATS stock on TipRanks’ Stock Analysis page.